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The Scholarship Program is the “flagship’ project of PICPA Saudi Arabia (Eastern Province) Chapter, a professional organization registered in the Philippines and recognized by Saudi Aramco. The program was conceived in 1992 with the primary purpose of providing scholarship grants to the poor but deserving Filipino students enrolled in BS Accountancy in the Philippines.

In 1993, the Chapter formed the PICPA-KSA Scholarship Foundation Inc. to ensure the continued operation and long term success of the program. It was registered with the Philippines Securities and Exchange Commission on November 10, 1993 as a non-stock, non-profit corporation .

Starting with two scholars in 1992, the Foundation has now produced a total 14 graduates; 6 from PUP – Sta Mesa, 2 from the Holy Angel University – Angeles City, and one each from St. Louis University – Baguio City, Aquinas University – Legazpi City, University of San Agustin – Iloilo City, University of San Jose Recoletos – Cebu City, MSU – Iligan Institute of Technology, and University of the Immaculate Concepcion – Davao City. Six of those graduates have successfully passed the licensure examination for Certified Public Accountants given by the Philippine Board of Accountancy. The Scholarship Program reached its hallmark when one of its graduates, Alison D. Pangilinan, garnered the 10th highest rating in the CPA Licensure Examinations given by the Philippine Board of Accountancy in October 2002. His overall rating was 88.86.          (Scholarship Guidelines)

Six students are currently enrolled under the Scholarship Program, each one receives PhP10,000 per semester plus PhP10,000 one time financial assistance for CPA Review. The six scholars are enrolled at the following schools;          (See our scholars)

1. Anthony S. Brillantes – 4th Year, St. Louis University, Baguio City
2. Raquel P. de Luna – 3rd Year, PUP – Sta. Mesa
3. Leonardo H. Muriel, Jr. – 3rd Year, PUP – Sta. Mesa
4 . Roselyn P. Ballaran, 3rd Year, Bicol University, Legazpi City
5 . Reynaldo H. Alfonso, Jr., 2nd Year, Divine World College, Legazpi City

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